CNA FINANCIAL CORP (CNA) Form 8-K — Nov 2, 2026
CNA Financial reported Q3 2026 net income of $196 million ($0.72/share), down 51% from $403 million ($1.48/share) a year ago, with core income halving to $203 million ($0.75/share). The decline was driven by the Life & Group segment, which swung to a $171 million core loss after a $137 million after-tax charge from annual long-term care reserve assumption updates. Management argues the charge is almost entirely offset by favorable economics from recent investment portfolio actions not yet reflected in GAAP earnings.
Key figures
- Eps
- 0.72
- Revenue
- 3821000000
- Net Income
- 196000000
- Total Debt
- 2974000000
- Total Assets
- 67902000000
- Cash Position
- 916000000
- Shares Outstanding
- 270600000
- Core roe q3
- 6.5% vs 13.2% prior year
- Bvps ex aoci
- $46.11 (up 5% from year-end 2025 adjusted for $3.44 dividends)
- Debt to capital
- 22.5%
- Statutory surplus
- $11.2 billion
- Dividend per share
- $0.48 quarterly
- Core income 9m 2026
- $752 million vs $1,025 million prior year
- Core income q3 2026
- $203 million ($0.75/diluted share) vs $409 million prior year
- P and c core income
- $397 million vs $456 million prior year
- Stockholders equity
- $10.2 billion (down 12% from year-end 2025)
- Book value per share
- $37.80
- Life group core loss
- $171 million vs $22 million prior year
- Net investment income
- $635 million
- P and c combined ratio
- 97.0% vs 92.8% prior year
- Catastrophe losses pretax
- $78 million vs $41 million prior year
- Net written premium growth
- 3%
- Lct reserve charge after tax
- $137 million
- P and c underlying combined ratio
- 94.2% vs 91.3% prior year
AI analysis
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